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There are indications that Nigerian banks are rapidly cutting back on office space in major cities as they shift administrative functions to high-tech operations.
The Guardian gathered that with increasing number of staff working from home in the aftermath of COVID-19 pandemic, banks are exploring technology options that will limit crowd at their halls and reduce overhead on yearly real estate costs.
Though, the square feet of office space shed by banks are yet to be determined, reports revealed that prior to the pandemic, space taken up by commercial offices in 2019 was in excess of 20,100 square metres.
